Republic Services, Inc. $RSG Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 8.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 66,283 shares of the business services provider’s stock after buying an additional 5,262 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Republic Services were worth $13,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in Republic Services in the 2nd quarter worth $25,000. Laurel Wealth Advisors LLC purchased a new stake in Republic Services during the 3rd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services in the second quarter valued at about $27,000. Compass Financial Management LLC acquired a new position in shares of Republic Services in the second quarter valued at about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services News Roundup

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $1.94 versus the $1.93 consensus, while revenue climbed 8.2% year over year to $4.559 billion, ahead of the roughly $4.42 billion estimate. Net income rose to $592 million, or $1.93 per diluted share, from $550 million a year earlier. Pricing strength and growth in Environmental Solutions supported the performance. Republic Services Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year outlook was raised: Republic Services increased its 2026 revenue guidance to approximately $17.425 billion–$17.475 billion, above the prior outlook and analyst expectations. The company also raised adjusted EBITDA and adjusted free-cash-flow expectations, signaling continued confidence in operating trends and cash generation. Republic Services 2026 Revenue Outlook
• Positive Sentiment: Large buyback adds a shareholder-return catalyst: The board authorized $5 billion in share repurchases running from January 2027 through December 2029. The authorization could support per-share earnings and provide additional demand for the stock. Republic Services Announces Share Buyback
• Positive Sentiment: Analyst support improved: Royal Bank of Canada raised its price target from $272 to $277 and maintained an “outperform” rating, implying further upside based on the reported share price. RBC Raises Republic Services Price Target
• Neutral Sentiment: Republic Services declared a quarterly dividend of $0.67 per share, maintaining an annualized payout of $2.68.
• Neutral Sentiment: The stock’s valuation remains a consideration, with a reported price-to-earnings ratio above 34 and analyst targets ranging widely, indicating that much of the strong outlook may already be reflected in the shares.

Republic Services Price Performance

Shares of NYSE RSG opened at $243.92 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $249.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s 50 day simple moving average is $222.47 and its 200-day simple moving average is $216.81. The stock has a market capitalization of $74.69 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.92 and a beta of 0.39.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a net margin of 12.93% and a return on equity of 18.65%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Analysts expect that Republic Services, Inc. will post 7.26 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th. Republic Services’s payout ratio is presently 37.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. The Goldman Sachs Group cut their price target on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. BMO Capital Markets set a $244.00 price target on shares of Republic Services in a research report on Thursday, October 15th. Raymond James Financial set a $235.00 price objective on shares of Republic Services in a research note on Friday, October 9th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.25.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the acquisition, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 6,254,462 shares of company stock worth $1,380,321,958 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.